Muthoot Finance IPO : Settled at 0.54% premium on debut

by khalid on 06/05/2011 · 0 comments

Muthoot Finance Limited’s shares got debuted at Rs 196.60, a nice 12.34% premium over its initial public offering (IPO) price of Rs 175.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 175.90 which is a premium of just 0.54% over the issue price of Rs 175.00 and all the premium got vanished. The stock hit a high of Rs. 198.90 and low of Rs. 161.40 on the listing day 6th May 2011. A total of 60,613,615 shares changed hands on the NSE. Kerala-based firm Muthoot Finance is the largest gold financing company in India in terms of loan. The company claims to disburse Gold Loan in 5 minutes. The company also provides money transfer services through its branches as sub-agents of various registered money transfer agencies, and has recently commenced providing collection agency services. The revenues from gold loan business constituted 98% of its total income.

Listing day Summary :-
Listing Date: 5th May 2011
BSE Scrip Code : 533398
Listing In : ‘B’ Group of Securities
ISIN : INE414G01012
Issue Price : Rs. 175.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 175.00
Open : Rs. 196.60
High : Rs. 198.90
Low : Rs. 161.40
Close : Rs. 175.90
Last Trade : Rs. 175.90

Muthoot Finance Limited has raised Rs 901.25 crore through an initial public offering of 51,500,000 equity shares.

Stay tuned to BelltheBull Blog for more news on Muthoot Finance Limited !

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